StockNews.com began coverage on shares of Cyren (NASDAQ:CYRN – Get Rating) in a research note published on Saturday. The firm issued a hold rating on the technology company's stock.

Cyren Trading Down 3.4 %

Shares of NASDAQ:CYRN opened at $0.29 on Friday. Cyren has a 52-week low of $0.19 and a 52-week high of $13.87. The company has a market capitalization of $2.22 million, a P/E ratio of -0.05 and a beta of 0.69. The company has a 50-day simple moving average of $0.61 and a 200 day simple moving average of $0.94. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.29 and a current ratio of 1.29.

Institutional Investors Weigh In On Cyren

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC bought a new stake in shares of Cyren during the first quarter worth $59,000. Millennium Management LLC bought a new stake in shares of Cyren during the second quarter worth $48,000. Jane Street Group LLC bought a new stake in shares of Cyren during the first quarter worth $426,000. Finally, Nantahala Capital Management LLC bought a new stake in shares of Cyren during the third quarter worth $139,000. 23.22% of the stock is currently owned by institutional investors and hedge funds.

About Cyren

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CYREN Ltd. engages in the provision of cloud delivered Software-as-a-Service cybersecurity solutions that protect businesses, employees and customers against threats from email, files, and the web. It operates through the following geographical segments: Israel, United States, Germany and Other. Its products include inbox security for office 365, threat indepth, and incident response service The company was founded by Amir Lev, Gideon Mantel, and Nahum Sharfman on February 10, 1991 and is headquartered in Herzliya, Israel.

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